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Daylight Solutions Closes $15M Funding Round

Photonics.comJul 2011
SAN DIEGO, July 18, 2011 — Daylight Solutions Inc. has announced the close of a $15 million Series C equity financing round with Northrop Grumman Corp., the lead investor, together with several of the company’s existing investors.

“The Series C financing will allow us to serve all of our customers with a family of QCL-based [quantum cascade laser] products based on a modular, open source, core technology platform, meeting the requirements of the most demanding environments in defense as well as commercial markets,” said Dr. Timothy Day, chairman and CEO of Daylight Solutions. “Our manufacturing infrastructure, capacity and reliability programs will be expanded as a result of the financing transaction.”

The company has developed a range of products for scientific research, defense and commercial markets based on its QCL technology. These products address molecular detection and imaging applications that benefit from mid-wave infrared and long-wave infrared illumination.

A Quantum Cascade Laser (QCL) is a type of semiconductor laser that emits light in the mid- to far-infrared portion of the electromagnetic spectrum. Quantum cascade lasers offer many benefits: They are tunable across the mid-infrared spectrum from 5.5 to 11.0 µm (900 cm-1 to 1800 cm-1); provide a rapid response time; and provide spectral brightness that is significantly brighter than even a synchrotron source.
Quantum cascade lasers comprise alternating layers of semiconductor...